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Ivl starts operations at new nigeria plant

Source: www.ccfgroup.comDate: 23-07-2012Visits: 206

Africa becomes the latest continent for Thailand's global PET giant

Bangkok, Thailand – 23 July 2012 – Indorama Ventures Public Company Limited (IVL), the world's leading vertically integrated Polyester Value Chain producer, has commenced operation of its new 75,000 tonne per annum PET Solid State Polymerization (SSP) facility in Port Harcourt, Nigeria. The facility produces bottle grade PET chips through Solid State Polymerization, the second stage of the PET production process after the initial chips formed by a polycondensation process, which can be sourced from the company’s facilities in Asia or Europe and shipped to Nigeria for final processing.

Nigeria has an estimated demand of approximately 53,000 tonnes of PET in a country of approximately 120 million people and is one of the fastest growing economies in Africa. Port Harcourt is a port town in Southern Nigeria that is the center of the country’s large oil and petrochemicals industry.

Mr. Aloke Lohia, Group CEO of Indorama Ventures said, "Our major branded fast-moving consumer goods customers are seeing tremendous growth in this important West African nation and our aim is to serve them with the same high quality service as we have provided on three other major continents. Our business will also serve the economic growth of the country as consumer demand for basic non-discretionary items like food and beverages rises. Our investment is a reflection of our belief that Nigeria has a lot of potential for further growth. Moreover, Port Harcourt is an excellent location for our business, with good infrastructure and knowledgeable manpower. It is a great pleasure to work with the local people to ensure that our plant is ready to grow with the country."

The plant, which utilizes state-of-the-art Buhler SSP technology from Germany, is the first PET plant in West Africa and provides IVL with the ability to serve its major customers with global service on four continents.